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Dec 6, 2012
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fiscal cliff deal. he joins us exclusively later on "the closing bell." stay tuned. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... i'm with scottrade. >>> one of the most bizarre man hunts in recent memory is coming to an end in central america, we think. wealth editor robert frank has the latest details on the arrest of john mcafee. >> ye
fiscal cliff deal. he joins us exclusively later on "the closing bell." stay tuned. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. you won't just find us online, you'll also find us in person, with...
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when we finish this fiscal cliff matter, think it will be some unintended consequences, and one of them will be the increase n stocks by back because of the tax situation. if you think like a cfo, it will be looking to see what the alternatives will be to use that cash on the balance sheet and buybacks are very attractive -@alternative and they will be n 2013. liz: they come at the market surprise, sometimes. don't they? announcing a stock buyback, you often to the stock pop on that news. they tell me shareholders are constantly pushing them to do a stock buyback. explain to investors what makes the stock move to the upside. >> and let's see if we can help people out. the first question is they do have two file and disclose they're planning to do a share buyback this isn't something that comes out of the blue the watchful investor can actually go and research to see which have preannounced they will be buying back stock. that isn't always guaranteed, but they must file and disclose their intentions. that is one we can start looking at things. the jury is out frankly whether or not it al
when we finish this fiscal cliff matter, think it will be some unintended consequences, and one of them will be the increase n stocks by back because of the tax situation. if you think like a cfo, it will be looking to see what the alternatives will be to use that cash on the balance sheet and buybacks are very attractive -@alternative and they will be n 2013. liz: they come at the market surprise, sometimes. don't they? announcing a stock buyback, you often to the stock pop on that news. they...
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Dec 7, 2012
12/12
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selling ahead of the fiscal cliff. still, shares are up 32% year to date. the stock now on track to be down for the ninth week in the last 11. on average, though, when apple has hit that death cross, shares have gained about 1.1% the following week. apple, bill, the reason that the nasdaq is the big underperformer this week. if apple had been added to the dow instead of united health earlier this year, we would have seen a 700-point decline for this pullback in apple. >> we would have been much higher in the dow than we are now. thanks, bertha. what's to do with apple? is it a buy? do you avoid it? let's talk numbers on this today. what to do with this dreaded death cross? >> bill, a lot of clients of phoenix partners are calling in and saying, you know, what do i do now? is this the time to buy apple? my answer is simply, no, no, no. this is not the time to buy. lefts look at a longer term chart. what i want to point to is the nice, healthy, steady increase in price from 2009. all of the sudden, you know, greed takes
selling ahead of the fiscal cliff. still, shares are up 32% year to date. the stock now on track to be down for the ninth week in the last 11. on average, though, when apple has hit that death cross, shares have gained about 1.1% the following week. apple, bill, the reason that the nasdaq is the big underperformer this week. if apple had been added to the dow instead of united health earlier this year, we would have seen a 700-point decline for this pullback in apple. >> we would have...
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Dec 11, 2012
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. >>> is the administration prepared to go over the fiscal cliff? >> absolutely. >> are you okay with that? >> the president is prepared to have the economy go off the cliff if he doesn't get higher income tax rates. what do you think that have? >> i think it's reckless talk. the president insists on his position, insists on my way or the highway. >> yeah, we go from absolute to irresponsible. that's what republican senator orrin hatch of utah calls t statement from secretary geithner and the white house about going over the fiscal cliff. >> senator hatch, the ranking member of the senate finance committee said this is no time for saber rattling but will this the time for compromise? he joins us now to talk more about it. good to have you on the program, senator. thanks so much for joining us. treasury secretary tim geithner told cnbc there will be no deal if it doesn't involve higher rates on the top 2% of the wealthiest. when it comes down to it, will republicans budge on this issue? >> it's kind of crazy for him to say that because, first of all,
. >>> is the administration prepared to go over the fiscal cliff? >> absolutely. >> are you okay with that? >> the president is prepared to have the economy go off the cliff if he doesn't get higher income tax rates. what do you think that have? >> i think it's reckless talk. the president insists on his position, insists on my way or the highway. >> yeah, we go from absolute to irresponsible. that's what republican senator orrin hatch of utah calls t...
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Dec 13, 2012
12/12
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cliff? what's going on, do you think? >> well, i think in my opinion it's two-fold. i still contend that even though nobody is going to want to hear it that raising taxes on anybody is really just a bummer of an idea, a, and the fact that we pay so much attention to a dumb idea that makes so little difference in our real problem, but, b, i think that participants in equities are a bit nervous about the inflation. now, i think their worries are a bit premature but their worries are very legitimate. i think their timetable is still too short. >> even though gold is down today? >> yeah. you know, the problem with the gold trade is that we've really securitized gold. with all the gold etfs, are you really convinced that these etfs in some garage really have the amount of gold they have. in essence we've gone from trading gold as a commodity to a piece of paper. >> rick, this was your number one barometer for telling us we should be worried about inflation. >> no, gold hasn't -- gold hasn't been
cliff? what's going on, do you think? >> well, i think in my opinion it's two-fold. i still contend that even though nobody is going to want to hear it that raising taxes on anybody is really just a bummer of an idea, a, and the fact that we pay so much attention to a dumb idea that makes so little difference in our real problem, but, b, i think that participants in equities are a bit nervous about the inflation. now, i think their worries are a bit premature but their worries are very...
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Dec 13, 2012
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we have 27% upside from this point forward and it's not happening because of all the fiscal cliff, obama care, the taxes. this market should be a lot higher if it wasn't for all of the stuff. >> what about the international story? where do you want to allocate capital outside the united states? >> the best way to allocate capital outside of the united states is focus on large multi-nationals in the united states but have exposure to places like china, india, brazil. why? because it's less volatile and a lot of their earnings are coming out of those places. >> that's a good point does it bother you if tax reform doesn't happen and, for example, hit the companies with so much money on international markets. >> i think corporations are already expecting a worst case scenario like most americans. to some extent any clarity will help unleash some of the corporate earnings down the road. >> does the dividend or cap increase scare anything out of market? >> if we focus on the short term it's a scary proposition. when the cost of anything goes up the profit goes down. i think long term we're sti
we have 27% upside from this point forward and it's not happening because of all the fiscal cliff, obama care, the taxes. this market should be a lot higher if it wasn't for all of the stuff. >> what about the international story? where do you want to allocate capital outside the united states? >> the best way to allocate capital outside of the united states is focus on large multi-nationals in the united states but have exposure to places like china, india, brazil. why? because...
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Dec 10, 2012
12/12
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from td ameritrade. >>> well, going over the fiscal cliff will trigger huge hikes in the death tax. >> our wealth editor robert frank breaks it down now. >> thanks, bill. the estate tax could go up even more and become a big problem for any kind of cliff deal. let's take a look. the current tax is around 30%. only those worth $5 million or more have to file. if we go off the cliff, it will shoot to 55%. anyone with an estate with $1 million or more will have to file. that will cost many more in the estate tax. many prefer the tax is abolished. obama wants a 45% rate and $3.5 million cutoff. that's midway between today's rates and the old rate. now the problem is even some democrats are siding with republicans. they say they want to keep the current rates. so all sides here remain very far apart. this matters because wealthy families need to rewrite their wills, their charity plans. and for the country there are hundreds of billions of dollars of taxes at stake. it's also a hugely symbolic tax. the left says these estate taxes are important to curb family dynasties. and they also call
from td ameritrade. >>> well, going over the fiscal cliff will trigger huge hikes in the death tax. >> our wealth editor robert frank breaks it down now. >> thanks, bill. the estate tax could go up even more and become a big problem for any kind of cliff deal. let's take a look. the current tax is around 30%. only those worth $5 million or more have to file. if we go off the cliff, it will shoot to 55%. anyone with an estate with $1 million or more will have to file. that...
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Dec 11, 2012
12/12
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just raise taxes on the upper income now to avoid going over the fiscal cliff. this, of course, kicks the can down the road. the republicans say no deal if spending cuts are not agreed upon, along with new revenue right now. not later. but now, the next salvo, democrats now are saying that they won't put any spending cut proposals out there, they want to first hear what cuts the republicans want first. i guess so that they can use that against them in the public forum. we'll remember the infamous granny over the cliff ad after paul ryan floated his budget. so, what is the end game here? what if john boehner doesn't blink? we now have less than three weeks before the new year. i have said it before -- i am not expecting a deal. it seems even the prospect of missed vacations for our law makers, something we already know they hold sacred, may not be enough to bring real compromise. and what about the markets? well, here's the scary part. clearly the markets are looking for a deal. look at today's nice rally. they are trading as if we will get a deal and it might on
just raise taxes on the upper income now to avoid going over the fiscal cliff. this, of course, kicks the can down the road. the republicans say no deal if spending cuts are not agreed upon, along with new revenue right now. not later. but now, the next salvo, democrats now are saying that they won't put any spending cut proposals out there, they want to first hear what cuts the republicans want first. i guess so that they can use that against them in the public forum. we'll remember the...